Balanced Wealth Group LLC Invests $321,000 in iShares Select Dividend ETF (NASDAQ:DVY)

Balanced Wealth Group LLC purchased a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,737 shares of the company’s stock, valued at approximately $321,000.

A number of other hedge funds also recently added to or reduced their stakes in DVY. Northern Trust Corp raised its stake in shares of iShares Select Dividend ETF by 3.0% in the third quarter. Northern Trust Corp now owns 3,446,617 shares of the company’s stock worth $370,994,000 after purchasing an additional 101,996 shares during the last quarter. Royal Bank of Canada raised its position in iShares Select Dividend ETF by 2.6% in the third quarter. Royal Bank of Canada now owns 2,579,311 shares of the company’s stock worth $277,635,000 after acquiring an additional 64,326 shares during the period. International Assets Investment Management LLC lifted its stake in shares of iShares Select Dividend ETF by 12,638.3% during the 4th quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock valued at $282,196,000 after buying an additional 2,388,510 shares in the last quarter. Truist Financial Corp boosted its holdings in iShares Select Dividend ETF by 5.9% in the 4th quarter. Truist Financial Corp now owns 1,505,448 shares of the company’s stock worth $176,469,000 after buying an additional 84,251 shares during the period. Finally, Comerica Bank purchased a new stake in iShares Select Dividend ETF in the 3rd quarter worth $61,160,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock traded up $0.46 during trading hours on Wednesday, hitting $122.90. The company’s stock had a trading volume of 236,785 shares, compared to its average volume of 553,665. iShares Select Dividend ETF has a 12-month low of $102.66 and a 12-month high of $123.43. The business has a 50 day moving average price of $119.82 and a two-hundred day moving average price of $115.63. The company has a market cap of $18.64 billion, a PE ratio of 13.25 and a beta of 0.68.

iShares Select Dividend ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were paid a $0.9976 dividend. The ex-dividend date was Thursday, March 21st. This represents a $3.99 annualized dividend and a yield of 3.25%.

iShares Select Dividend ETF Profile

iShares Select Dividend ETF, formerly iShares Dow Jones Select Dividend Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Dividend Index (the Index). The Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time.